1,2% GDP growth stipulated in Armenia’s state budget is a modest forecast, as, recently, global economy growth amounted to 1,3%, to comprise 3,9% at present, according to Deputy Minister of Finance Vardan Aramyan.

“Economy growth recently observed in Russia will boost RA economy due to transfers to Armenia,” Vardan Aramyan told a news conference.

Significant funds were invested in RA economy within governmental anti-crisis program, which will ensue in positive changes in 2010.

“1,2% GDP growth stipulated in Armenia’s state budget is a modest forecast, explained by possible risks, which, though decreased, did not disappear completely. Before June 2010, Armenia’s growth rate index will exceed the figure stipulated to become stable afterwards,” deputy Minister concluded.

3,1% GDP growth was registered in January-February 2010, according to RA National Statistic Service data.